ExxonMobil and Employees Donate $1.29 Million to Virginia Colleges and Universities
35 educational institutions in Virginia to receive funds from a program that matches employee donations
More than $500 million donated to institutions across the nation since program began in 1962
Recipient organizations encouraged to support math and science initiatives
IRVING, Texas--(BUSINESS WIRE)-- ExxonMobil and its employees are donating $1.29 million to higher education institutions across Virginiaas part of the ExxonMobil Foundation's 2012 Educational Matching Gift Program.
ExxonMobil Foundation contributed unrestricted grants of nearly $925,000 to match donations of $370,000 from employees, retirees, directors and surviving spouses.
The program matches donor pledges 3:1 up to $7,500 to qualified colleges and universities in the United States along with the American Indian College Fund, Hispanic Scholarship Fund and the United Negro College Fund. Since the Educational Matching Gift Program began in 1962, more than $500 million has been donated to institutions of higher learning.
"ExxonMobil employees have a history of giving back through both their volunteerism and philanthropy. The corporation and Foundation share that philosophy and are proud to join them in their generous support," said Suzanne McCarron, president of the ExxonMobil Foundation.
During 2012, 213 employees and retirees made individual donations to Virginiacolleges and universities. Although grants are unrestricted, recipients are encouraged to designate a portion to math and science programs supporting student engagement. Over the past 10 years, ExxonMobil and its employees have given more than $11 million to universities and colleges in Virginia.
Nationwide, 871 institutions received $40.2 million through the 2012 Educational Matching Gift Program.
In addition to the Educational Matching Gift Program, ExxonMobil and the ExxonMobil Foundation support and develop programs that encourage students, particularly women and minorities, toward careers in math and science fields, as well as teacher training initiatives.
About the ExxonMobil Foundation
The ExxonMobil Foundation is the primary philanthropic arm of Exxon Mobil Corporation in the United States. The foundation and the corporation engage in a range of philanthropic activities that advance education, health and science in the communities where ExxonMobil has significant operations. In the United States, ExxonMobil supports initiatives to improve math and science education at the K-12 and higher education levels. In 2012, together with its employees and retirees, Exxon Mobil Corporation (NYS: XOM) , its divisions and affiliates, and the ExxonMobil Foundation provided $256 million in contributions worldwide, of which $116 million was dedicated to education. www.exxonmobil.com/community.
Media Relations, 972-444-1107
KEYWORDS: United States North America Texas Virginia
The article ExxonMobil and Employees Donate $1.29 Million to Virginia Colleges and Universities originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.